Bloomz (BLMZ) receives 180 day extension to regain Nasdaq compliance

BloomZ Inc. (NASDAQ: BLMZ) ("BloomZ" or the "Company"), a Japanese audio production, VTuber, entertainment, and voice actor management company, announced it has received a letter form the Nasdaq Listing Qualification Staff (the "Staff") granting it a second 180 calendar day period, or until December 1, 2025, to regain compliance with the minimum $1.00 per share bid price requirement for continued listing on The Nasdaq Capital Market, pursuant to Nasdaq Listing Rule 5810(c)(3)(A)(ii).

The Company was initially notified on December 2, 2024, that it did not meet the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2), and was provided 180 calendar days, or until June 2, 2025, to regain compliance. As the Company was not able to regain compliance during the first compliance period, the Staff has determined that the Company is eligible for an additional 180-day period to regain compliance.

If at any time before December 1, 2025, the closing bid price of the Company common stock is at least $1.00 per share for a minimum of ten consecutive business days, the Company will be deemed to have regained compliance. If the Company fails to regain compliance by that date, the Company will receive written notice that its securities will be subject to delisting, at which point it will have the right to appeal the decision to a Nasdaq Hearings Panel.

The Company intends to actively monitor its bid price and will consider all available options to regain compliance with the Nasdaq Listing Rules.

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